Jio Platforms Reports 14% Profit Growth and Increased Data Usage in Q2

Financial Performance

Jio Platforms has reported its financial results for the second quarter, highlighting a significant expansion in both revenue and profitability. The company recorded a revenue of ₹40,475 crore, an increase from ₹36,332 crore during the same period last year. Consequently, the net profit rose by 14% to ₹8,389 crore, compared to ₹7,379 crore in the previous year's corresponding quarter.

Key financial indicators include:

• Operating Profit (EBITDA): Reached ₹21,879 crore, up from ₹18,757 crore year-on-year.
• ARPU: The Average Revenue Per User reached ₹218.8.
• EBITDA Margin: The company maintains a margin where it retains approximately ₹54 for every ₹100 earned.

Operational Highlights

The company’s operational growth is underpinned by substantial increases in user engagement and network expansion. Highlights reported by the firm include:

• User Growth: Added 9.1 million net subscribers during the quarter.
• Data Consumption: Average monthly data usage per user reached 44.2 GB.
• Network Traffic: Total data traffic on the Jio network increased by more than 22% compared to the previous year.
• Churn Rate: Remained stable at 1.6%.

Strategic Outlook

Managing Director Akash M. Ambani attributed these results to the resilience and reach of the company's 5G infrastructure, as well as the growing adoption of broadband and digital services. Looking ahead, the company indicated plans to focus on emerging technologies, including:

• Advanced satellite communication systems.
• Development of 6G standards.
• Integration of Artificial Intelligence (AI) into core calling and data services.

Verification and Disclaimer

These results are based on company disclosures. Readers interested in verifying these figures can consult the official investor relations portal of Jio Platforms or the relevant stock exchange filings where the company provides audited financial statements. The market performance of the company's shares is subject to daily trading volatility and reflects broader market sentiment alongside corporate performance.